Nokia: 3 Key Takeaways for Long-Term Investors

Nokia reported Q3 2026 results with 9% year-over-year net sales growth, driven by strong AI infrastructure demand. AI and cloud revenue surged 123% year-over-year, representing 12% of total sales. The company raised 2027 growth guidance for Optical and IP Networks to 25%-30%, while operating margins expanded 220 basis points. Infinera acquisition synergies are materializing a year ahead of schedule, and AI radio access networks demonstrated 20% spectral efficiency gains in live tests.